Detail akcie Phoenix Motor Rg online

Business Summary: Phoenix Motor Inc., doing business as Phoenix Motorcars, is an electrification solutions provider for the commercial vehicle industry as well as other industries. The Company operates through its wholly owned subsidiaries, Phoenix Cars LLC, Phoenix Motorcars Leasing LLC, and EdisonFuture Motor, Inc. It designs, develops, manufactures, assembles, and integrates electric drive systems and light and medium duty electric vehicles (EVs). It operates two primary brands, Phoenix Motorcars, which is focused on commercial products including medium duty electric vehicles, chargers and electric forklifts, and EdisonFuture which intends to offer light-duty electric vehicles. It sells its products both fully integrated into complete vehicles and in kit form to other business partners for integration into complete vehicles. The Company is engaged in the production of its third generation (Gen 3) drivetrain (E-300), offering up to 160 miles in range.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Phoenix Motor Inc revenues decreased 28% to $3.1M. Net loss increased 62% to $20.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Selling/General/Admin Expense increase of 7% to $14.9M (expense), Interest expense, net increase from $7K to $606K (expense).